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FOX Business
Dec 6, 2012 9:00pm EST
. what are we now? 9:00 p.m. sunday. fox news. relive the dream. dream again. >> the federal government will conduct a national test of the emergency alert system. >> you cannot avoid it. it is everywhere. john: does it make you feel safe the government spent 40 years studying the assault assault -- soap. do we need government to protect workers? >> absolutely. next? -- question. [laughter] >> good intentions and gone wrong. that is the show. tonight. john: politicians claimed they make life better to pass laws. they have good intentions but we should not judge by intention. politicians good intentions go wrong. work regulation. companies are not greedy they don't care about their workers but seems reasonable government has to protect them. almost everybody agrees. >> they should be protected. >> definitely. so many things could have been. corporations could be corrupt. the government should step been. john: that makes sense. so much beyond the workers' control. safety rules. what does a factory owner care? that is why we need occupational safety and health administration. it sets safet
FOX Business
Dec 2, 2012 9:00pm EST
lou: now for your comments, at the fiscal cut only way to get spending cut out of this government, geronimo. and carol says sandra on the cover of time magazine, but it more own a gun. was it could? to like this? that is our show tonight. [applause] >> and now john stossel. john: food can kill. people will eat the wrong stuff may get sick. it's while most everyone says we need government to set some limits. make sure there is not bacteria in your food or dangerous chemicals. to make sure food companies tell you what is in their food and how fattening it is. state legislator felix ortiz has done that in new york city. he got trans fat man, calorie counts posted at mcdonald's and othe fast-food places. now he wants a ban on adding too much salt. so you think he saved lives? >> absolutely. john: okay. a farmer. he grows vegetables dollar raises cows, chickens, and pigs. i assume you want the people who buy your beef and pork to be safe. so don't we owe him a vote of thanks for saving this? >> no. i would say you're killing me out here. trying to get my stuff to market. this plethora
FOX Business
Dec 9, 2012 2:00am EST
stamps going up? fren million americans receivinglet benefit, is it because government officials are constantly promoting it i am dave asbin. go in focus with victoria and rich and rick and john and, john why are food stamps going up if unemploymt is going down. >> the unemployment rate is high and that obcures a people who left the work force altogether that are not counted. as for politicians encouraging that, that is a horrifying notion . the idea of going on food stamps is something that should be s painful we only go on them a bef time so there is an incenti to go back if the work force. >> rick, you have all of the s and iear four of them every hour and government volunteers specifically going out to encourage people to get food stamps . there is it a big push to get people on food stamps. >> i don't think it is it promoting the food stamps but getting informatio to pple who need them so they know they are there to get the i think there is a lot taking place thate need to recognize. we have surprisingly good news on unemployment. there will be i lag for that anditching off food
FOX Business
Dec 7, 2012 12:00am EST
are we now? 9:00 p.m. sunday. fox news. relive the dream. dream again. >> the federal government will conduct a national test of the emergency art system. >> you cannot avoid it. it is everywhere. john: does it make you feel safe the government spent 40 years studying the assault assault -- soap. do we need government to protect rkers? >> absolutely. next? -- question. [laughter] >> good intentions and gone wrong. that is the show. tonight. john: politicians claimed they make life better to pass laws. they have good intentions but we should not judge by intention. politicians good intentions go wrong. work regulation. companies are not greedy they don't care about their workers but seems reasonable government has to protect them. almost everybody agrees >> they should be protected. >> definitely. so many things could have been. corporations could be corrupt. the government should step been. john: that makes sen. so much bend the workers' control. safety rules. what does a factory owner care? that is why we need occupationalafety and health administration. it sets safety rules. th
FOX Business
Dec 9, 2012 2:30am EST
big government. >> ultratech is the one you like. they make chips. >> they make equipment that makes the chips. it is it a cleverage way to play. >> j.p. mgan you like them. >> analyst expect a drop off and it could affect the company. >> yes, it will. hang in there for the te. >> that's it for forbes on fox. have a wonderful weekend. number one business block continues with cheryl casone and cash in. forget your hard earned paycheck. are unemployment checks going to stimulus the economy. house minority leader nancy peel pole said yes. >> it is more injectedd by unemployment insurance. >> okay, to get this number down, get the number of people on these lines that you are looking at up. how is that going to work. i am cheryl casone and welcome to cashin i . joining us is trace yejohn and christian dorsey . welcome to all of you. tracey, benefits the best form of stimulus, really, you agree with that? >> the only thing that jobss stimulus benefit i apathyt is it easier to stay at home and collect a check than work at mcdonalds. we are so lazy these days, take 99 weeks was a freeb
FOX Business
Dec 2, 2012 2:30am EST
governments and now someone is calling to create a nation lottery to pay down the debt. if washington is not coming up with new ideas why not debate it i am cheryl casone and welcome to cash in . we have johnathon and tacey and john . jill joining us. wayne we'll start with you. is it time for a national lottery to pay down the federal debt same time. >> a question why not. if it works with the state governments. why not the federal government and me it a big and huge one and any little niche that you can knock down the deficit is good. >> okay, but john, what happens to the states. we are finding out that california is signing up for powerball because of the revenues that they get. is it bad for states. >> it is really bad for states. wayne has much chance of winning the lottery as geth throh a comment without johnathon interrupting. >> zero. >> and the problem you have with this. this could be a biion dollar jack mots and huge and going to kill the state lottos and in the stouthe states. they were sold as a way of funding education . that didn't happen. they are dependent on the gen
FOX Business
Dec 4, 2012 6:00pm EST
government spending by 25 percent, and now he's asking for more stimulus money. unfettered control. this really is a hostage situation, and this is not what the american people need. we have 25 million americans looking for jobs, searching for jobs. we don't need to add additional taxes. gerri: covers woman, look. the american public is going to blame your party, the republicans, some 53 percent say of the fiscal cliff happens, every fall over the edge republicans are to blame. how do you square that? is a year on the right side, trying to do things. yet the public certainly does not see your effort. >> i think one of the things that is so difficult for me is that the media cannot not talking about you in particular. the general media has fallen into this rabbit hole of only talking about this one issue. if we were to give the president what he wants, the panacea. that is the pitfall of our problems. it only funds government for eight days. how can we be serious about staying focused on one thing in not talking about all the other issues. spending is definitely the issue we must do true
FOX Business
Dec 3, 2012 6:00pm EST
promises. the government has let small business owners feeling forgotten. one is here with her story. and your shopping questions answered. consumer reports' annual money in nuys list. welcome to "the willis report." ♪ gerri: hello, everybody. i'm gerri willis. a bold counter offer to president obama on the fiscal clef. the new plan contains 800 billion in new taxes, half of what the president was looking for. more importantly, the gop plan keep tax rates the way they are now. we know that is a deal maker for the tie-breaker for the presidents. joining me now, the man some democrats blame for the fiscal cliff impasse, grover norquist, president of americans for tax reform. and the many and as a finger to about fixing it, michael reagan, founder of the reagan group. i want to start with the republicans plan that they put on the table. they have been accused of doing nothing and all. they come up with their own plan which includes 800 billion in revenue from closing loopholes and eliminating deductions and then 1 billion in spending cuts. it is being rejected from the get go by democrats.
FOX Business
Dec 9, 2012 1:00am EST
>> i believe government is here to fix our streets, roads, and protect us, but they don't need to protect people from their jobs. >> three cheers for her. you at home who understand it's freedom, not central planning that gives us better lives, that's our show. thanks for watching, i'm john stossel. ♪ >> eric: watch the 5 nt week. >> the 5 p.m. or the show? thank for joining us. >> see you tomorrow. >> brenda: just as the unemployment rate is dropping, isapitol hill signaling tax heights are coming? add up the signs. a key conseative leaving the senate for the private sector epublicans reportedly cook up a doomsday plan that would give the president the tax hikes he wants. so if taxes goup, will jobs go down? hi, everyone, i'm brenda buttner, this is bulls and bears, let's get right to it. here they are, the bulls and bears this week. we've got gary b smith, tobin smith. and julian epstein, welcome to everybody. todd, if taxes go up, get ready for that unemployment rate to shoots u, too. >> you've got that right. brenda, not only going to go higher, we're looking at hundreds of
FOX Business
Dec 5, 2012 6:00pm EST
the federal government got involved. the cfo lost their jobs from the board of directors lost their jobs, and there are restrictions to the money coming in. so the federal government. the city of detroit knows what the problems are. the question is do we have the political will to make the difficult decision. gerri: that is where i want to go next. the track record here -- the track record here is not good. we have years of overspending. it is incredibly embarrassing stories, the previous mayor usinggan airplane at his own leisure to do personal travel. we have just a terrible financial track record. per capita income at 25,000 below the u.s. average. detroit employment is 18%, almost 19%. does the city council -- does the city management have it under control? have you guys just lost control? >> we certainly have it lost control. we have it under control. but we have our issues. but we are not falling off into the detroit river. the community is doing well. the business community, the corporate community and the city of detroit. we don't have any vacancies for new young people that
FOX Business
Dec 2, 2012 12:00am EST
government to set some limits. make sure there is not bacteria in your food or dangerous chemicals. to make sure food companies tell you what is in their food and how fattening it is. state legislator felix ortiz has done that in new york city. he got trans fat man, calorie counts posted at mcdonald's and other fast-food places. now he wants a ban on adding too much salt. so you think he saved lives? >> absolutely. john: okay. a farmer. he grows vegetables dollar raises cows, chickens, and pigs. i assume you want the people who buy your beef and pork to be safe. so don't we owe him a vote of thanks for saving this? >> no. i would say you're killing me out here. trying to get my stuff to market. this plethora of government regulations, you know, is killing our farm and our ability to come to market. john: you e just a greedy businessman and don't care if people died. let's go through some of the ways that assemblyman ortiz has saved the chance that band. >> that is old news. john: you wann a tax on junk food. >> the carbohydrate product that is in the market. we are giving the consumer
FOX Business
Dec 4, 2012 10:00pm EST
for highway robbers and the government. that's my "2 cents more." that is it for tonighton "the willis report." thk you for joinng yes. don't forget to reord the show with you cannot get his life. have a great night. we ll see you right bachere tomorrow. ♪ one - lou: good evening,everybody. president obama today id tha two weeks may not be nouh to avoid going over the fiscal clef . i've won't add my voice tonight to those who say mr. obama actually wants o ttake us over the cliff. it is my view that not nough habeen made by the national median of the fact that it will be the president's decisionand his alon that we all go cliff diving if, indeed,we are to go cliff diving. it is a decision that is cleerly , unequivocally, and unreservedlyis to make. prident obama has created the condition that must be met. to avoid te clothes and the dive. only he can judge whether his condition is rasonable ad whether it haseen reasonly met. threpublican congessional leaders are at best supporting opposing players in the obama ama. we will take all of this up hre tonigh wih leading republicans
FOX Business
Dec 7, 2012 8:00pm EST
, extending them, and creating them, making them larger meaning bigger bills and government control. neil: can't they throw a bone to republicans, offer you at the gate, $800 billion in tax hikes? couldn't you throw it back at them, first thing offered, doubling the tax hikes, $1.6 trillion. a clumsy start from the get-go, but i don't see any proposals to match, not the republicans spelled out they get the hikes, but to match the effort to raise taxes. >> well, look, at the end of the day, this is the theater they put down the marker, no way, no how will we compromise, and the other says no way, no how will we compromise. at the end of the day, they compromise. thee have no choice. what you'll see is certain lines in the sand that the president said he will not accept. he will not accept a deal that does not include tax hikes on the wealthy. at the same time, he understands that in order to get that, he has to give the republicans something they want. by the way, the same republicans who ran a campaign with president obama cutting $716 billion out of medicare, all the sudden want tr
FOX Business
Dec 5, 2012 12:00am EST
beyond that --. melissa: w i that, to ise that much revenu a gi it to the government? i don't understand why that is apaling? >> it is not aealing to me. melissa: okay. >> it would ap peelin from a math perspective because the number is bigger. but th proem is the number won't that big no matter what happens. you can talk about dynamic scorin look atifferent ways revenue won't be revenue it is projected t be. you're talking about something that would do tremendous dage to the domestic economy. evybody agrees with this. president ama as president at lst twice made the argument, raising taxes including raisin taxes just on the wealthy would hurt the economy. he is doing somethinghe previously said would hurt the onomy. melissa: that is ablutely true but plse,,guys, show me th full scre another me. on the spendg side of the ledger none of those cuts are big enough to make any kind of a difference whether we're talking about going overhe cliff talking about even the gop plan. if you keep in mind we're spending $4 billion a day that we currently have a debt of $16.3rilli. depeing o
FOX Business
Dec 10, 2012 1:00pm EST
colleagues have learned to say the government will not pay its debts and hold off or something else is bad substance and bad politics. >> obama aides say the company, the engine company in detroit called detroit diesel will announce $100 billion investment in new production as part of the president's visit. melissa: peter barnes, thank you so much. president obama and speaker john boehner are talking, signs of progress or more of the same? it worked in the white house, we're pleased to be joined by some economic writer for the "wall street journal." let's start with these comments from a republican from tennessee known to be reasonable suggesting increase the tax rates on the wealthiest 2% to move on and talk about entitlements getting a little it is realistic to see the deal that might alternately happen? >> hi, lori and melissa. do you think you wil you'll havw december 31? i think this thing will stretch out maybe a few hours before plunging off a cliff. lori: anybody who thinks it will be an easy newsday is mistaken. >> you and i talked about it a week or two ago the thing that is
FOX Business
Dec 2, 2012 10:00pm EST
book. the bottom line is that we are mostly safe because of markets. not because of government. companies were carved by bacteria simply to protect their brand. competition, device the pipes are reputation, it protects us much better than government over well. that is our show. i am john stossel, thank you for watching. secret [laughter] melissa: here comes gerri willis. ♪ ♪ gerri: tonight a warm and likable a. what they say could damage your car and the triple a agency. welcome to "the willis report." senator kay bailey hutchison and sarah gerri: hello, everyone. speaker john boehner and nancy pelosi threatened over the president had to go over the president had her go. we have two guests. welcome to you both. last night, we covered the details of the president's opening gambit in the fiscal cliff talk. he wants a $1.6 trillion tax increase, 50 billion and stimulus spending. and the white house has the ability to raise the debt ceiling without congressional approval. a very big deal for folks there. today, the president is out there, trying to drum up support among the pub
FOX Business
Dec 3, 2012 8:00pm EST
, something needs to be done. judging from the back slapping help politicians, the government is still the one to do it but is it? think about it. if the road to virtue were paved with billion dollar bills then everyone in washington would be the pope, news flash, they are not, they are not good as getting bang for their buck. think of all those gas taxes that were to pay for those bridges, or tolls of no bridges to pay for fixing those bridges, and highways. think about that social security lockbox. no box, no lock. and millions in lottery ticket to go to education to make our kids smarter, today, sadly, they are only getting dumber. while we open our hearts let's not lose our minds. the folks deserve better to be locked out of a lockbox, and to be taken by greedy politicians who find other uses on the backs of that. not fair, not right. not remotely the thing to do. to staten islander john d'backo who knows of what i speak. he took matters in his own hand with his brother and buddies, made things right, here is john on the phone with the story. you quickly seize the initiative and di
FOX Business
Dec 3, 2012 9:20am EST
. and did you get chucked out of denmark. >> i mean, in the sense of the new government cut off my funding. stuart: because of your position on global warming and environmentalism. >> yes we don't want to it hear good advice. stuart: what's your advice on the carbon tax, if we got one, would it help reduce co 2 emissions? >> well, any climate economist would say a low carbon tax makes sense, but the problem is, it will only cut a very tiny amount and of course, what you really have to remember, you're never going to get china or india on board. so essentially, it's going to have a very, very small effect. it's not the solution to climate change. >> would you say that the co 2 emissions are causing temperatures globally to rise. >> yes. >> and that's accurate? >> and in the long run, we do need to cut back on carbon emissions, but the way that we're trying right now, the way that we're trying in doha and many international areas is not working and we're essentially making up these promises, but what are we doing? we're sending productions to china and india, so essentially we're put
FOX Business
Dec 2, 2012 4:00am EST
talking about what the government is doing that shouldn't be doing. >> that is right. marks a smart guy and i agree with him. the spending issue, we simply cannot rein in while we are focusing on taxes. you shall howl nonserious the president is. he sent timothy geithner on a fools errand. he said he wants a balanced approach. buthe balance is that republicans come up with everything, and he is allowed kharkov on the debt limit. it is hard to understand what the balances of the equation, besides allowing him to retain his approach, which is continuing to spend and rack up massive deficits and continuing higher taxes without any plan that bears that out. remember that his budget hikes taxes and still spends $47 trillion over the next 10 years. gerri: to that point, you look at the approval rating now going down for the first time since the election at 49%. i think it tells you something. maybe american people are looking at this and it looks a whole lot like campaigning to me. it is like the election never happen. we are still campaigning on the campaign trail. today in pennsylvania,
FOX Business
Dec 3, 2012 10:00pm EST
government, make them look bad, recreate 1995 which i participated in. you make it look bad and you get a shot to take back the house d create american public opinion to work for you. >> and the country goes bankrupt thank you for being hones >> i'm not wting policy, nor am i policy person, but i do understand. this is an attempt under this president to ensure that the republicans look as bad as they have never looked. lou: the republicans, this is a direct attack. and to elements of the dna of the republican party one is low taxes and secondly, it is a sense of fiscal rudence and responsibility. if they play it is entirely wrong they could have both of those elements of their dna strips from tthem. >> that is rght. the thing i worry about is the republics seem to negotiates themselves. they blew an opportunity to frame this issue to the american people. when you had the senate minority leader, and laugh when he heard about the proposal, if i were him i would have come out and said, you know what, this administration wants to usurp the constitttion of the united states and take away
FOX Business
Dec 7, 2012 9:00pm EST
wife and i get hit by a bust the government thinks they're entitled to 55% basically everything have made. here's one hotel that iona's with about $20 million. apparently passing them on to my children on january 1st is some kind of threat to there public. i think it's a threat to being in the land of the free. gerri: as you are implyg, the taxes, the debt tax sores after january 1 if nothing happens. >> monster. gerri: absolutely frightening. to you, you can see how people arreacting in the heartland to this. we're seeing reports every single d about people whoare no upping the ante to charity because they're worrd that their charitable donation will be worth less. companies are paying dividend like to have not seen in december. it seems to me like the resof the world is ahead of congress. washingtons in the rearview see, and everybody else is getting ahead of them. >> right. i say that's like every other day in america whe the rest of the world as head of congress. [laughter] gerri: how is this different? [laughter] >> i think that's right. i think what we're seeing in public
FOX Business
Dec 8, 2012 12:00am EST
>> wanna and v tonight. a huge break through for u.s. natural gas. a key government study could open the door for eorts and create a boom for the economy. the only thing standing the way though is present obama. we'll drill down with a natural gas company's ceo. >>> plus fighting crazy with crazy. could two plat nurm coins worth a trillion dollars each solve our debt crisis? is it as nuts as it sounds? bear with me here, people. our "money" power panel will break it down. >>> are plastic bags the way to extinction. they're completely banned in two cities. chicago wants to nix them. guess who is behind it? my favorite chicago alderman. i say stop the madness. but alderman joe moreno is here to disagree with me. even when they say it is a not it is always about money melissa: first let's take a look at today's market headlines. mediocrity apparently the reason to buy on wall street today. the november jobs report came in above expectations but the 146,000 jobs added is below average monthly growth for the past two years. that and 350,000 americans left the workforce. it all someho
FOX Business
Dec 10, 2012 3:00pm EST
one of the big topics of the fiscal cliff, but also pension funds o for state and local governments. pension fundsfrom european governments, pension funds over the world. if they collapse, the government will be obliged either to fund them or to break the bad news the electorate that they are not going to. liz: it exaggerated worldwide? >> it is a big problem. lots of pension funds are investments in those don't pay anything anymore. liz: government don't have my two bailout. her next one is, this stumped me. climate change. >> i think this is bubbling under the surface. we worry about it when we are not dealing with more shortbread issues. i think it has to come to the top of the agenda because we are changing our environment. liz: look at hurricane sandy with his bizarre storm surge, a snowstorm here in october and nothing all winter. how does that affect my portfolio? >> i think if you look carefully, we can see firms you think might do well in a world which has more climate distress. and firms that won't. firms, they actually look like they are overpriced. it was expensive. that
FOX Business
Dec 5, 2012 11:00pm EST
embraces serious tangible of government that is traditionally work in this country. there are members of congress who got elected because, in fact, the tea party activists across the country were involved in the election. the tea partiers and outsiders -- i would remind john boehner that there was a time when he was the outsider that was an annoyance to the party leadership. i understand the speaker being annoyed when he has people within his caucus that are committed to a set of principles that they make it hard for him to make easy deals. but i would also remind him that people are not going to forsake their principles for something thats as insignificant and their life as a committee assignment remark that is right. >> if he thinks this is a party discipline, he is sadly mistaken. he often knows that from his own experience as a younger time in his service in congress. charles: representative, it has been set from the beginning that the tea pay not only poses an incredible threat to the senate democrats, but to establish republicans. now, representative john boehner opportunity to mit
FOX Business
Dec 2, 2012 2:00am EST
money from the government than the private sector, can our nation afford a deal that doesn't put so-called entitlements on the table. i am dave. we'll go t mike, to you. we have to put entitlements on the table? >> for the sake of the over all economy we must put enments on the table. over the last four years entitlement spending is growing faster than the over all economy. this is why president obama has this country in record debt. that hurt the economy. take-home pay decreased under president obama. we must get entitlements under control. >> rick at the unemployment and housing vouchers. it is 800 billion extra spending. doesn't that have to be cut. >> there is no chance that there will be a dole without entitlement cuts. what senator durbin is talking about is the importance of focusing. if we want a deal you will not doing by taking a wide sprect rum approach. president clinton was clear when he spoke to the republicans. he pointed out that t biggest driver of the united states debt is medicare. he understands that we have to face up to the medicare problem. we need a solution.
FOX Business
Dec 6, 2012 11:00pm EST
of revenues that come in to federal government, than what has been average since world war ii, we're below that the argument should be, yeah, we need more revenue, but the question is, how do republicans historically, how do we argue, for more revenue? growth. we need more growth, if we have more growth, highest revenues we had in history of the -- since world war ii was 21 or 22% of gdp, what happened? tech boom, huge capital gains and start ups, and that is how we got revenue, it was not by raising taxes that is an argument weave with principle made and have been correct in making it. to now say, well, you know, president won and we have to concede that point. i'm not saying there can't be tax refor. but that should be an ending point not a starting point. neil: does it bother you that mitt romney's runng mate, budget committee chief paul ryan is going along with this deal. >> it is his budget. he is the -- >> he has been bed in a corner. >> governing is a tricky thing, being in washington right now, i always believed, you know when i was in washington, called lame duck sess
FOX Business
Dec 4, 2012 4:00pm EST
fiscal house in order. we cut the size and cost of government, and we focused on jobs in ways we can make iowa more competitive. there's a two year budget with a five year projection. i insisted it would stop the bad budgeting practices using one time money for ongoing expenses, and it was a tough battle, but we got the legislature with a democratic senate and republican house to pass essentially a two-year budget, and we spent just 97% of revenue, even though by law we can go to 99%, we restored the cash reserve in the economic emergency account. the state of iowa in the strongest fiscal position it's been ever. i'm proud of what we accomplished and looking forward to making progress this year reducing property taxes for all property tax classes in our state. david: great progress. so have the citizens of ohio, wisconsin, and you can mention individual states that have done well in getting -- >> indiana, michigan. david: that stands in stark contrast to what's happening inside the beltway. even one of your own, harkin, the united states senator from the great state of iowa said it's
FOX Business
Dec 5, 2012 10:00pm EST
own government. united states and nato agreeing to deploy patriot weapons and to thwart an aso-called by assad. the missile systems to be positioned near the syria. his staff denies that and estimates if they were deploy troops, it requires 75,000 of the troops in a full ground invasionn order seize the chemical weapon stockpile. fox news confirming they were not ordered to draft the consideration of such a mission. secretary of state clinton is nonetheless talking very tough calling for assad to step down as the obama administration has done for the past 15 months, b refusing, still, to detail which consequences those would be. >> we will explore with like-minded countries what more we can do to bring the conflict to an end, but that will require the assad regime making the decision to participate in a political transition, ending the violence against its own people, and we hope thathey do so because we believe, as you know, that their fall is inevitable, but it's a question of how many people will die until that day occurs. lou: the violence, and morsi protesters in the stree
FOX Business
Dec 9, 2012 1:30am EST
people are public servants and working for the united states government and celebrate that. >> did you got that out of my special then i hope you don't watch it. >> ben stein, all kidding aside, i just wonder, s what you will about what happened to our spa program we used to own it and hitch a ride with the russians to sll be a part of it. we're trapped inur own debt and that seems to limit our options and even o thinking abouhow we get out of messes. >> it was a heart breaking situation, and by the way, to go back to rl life for a second, i g to the army medical center, we used to be called walter reed and now down in bethesda and quite often seeing amazing heroes with their limbs blown off and making aife with themselves and their families and plenty of heroes, and teachers and so forth, and you're right out of washington we've allow our government to create a lead weight of debt that brings us down, down, down, instead of great things and turned over the rush shins and chinese and surrendered our enormous lead in the space program because of other indebtedness. it's heart breaking t
FOX Business
Dec 2, 2012 8:00am EST
get past the deadline, people are one, going to view government as totally inept or more inept than it is right now. and businesses free us up and they're afraid of doing anything and the individual freezes up. look, who is going to be out there actively investing and looking for work? you just don't know what's going to happen with all that we need to get something done, as bad as it might be. >> and does a month or two really make a difference? at some point, they're going to come up with something. >> yeah, that's right. i mean, i think a month or two a probably okay. and, but i'mith gary. if they kick this thing back a year, it really confirms the markets worst suspensions, which is thawe've got a congress that has absolutely no functionality whatsoever, they're well and truly broken and i mean, that would be disturbing, kicking back a month or two, i think the market can stomach that. i don't think the market would want to see us kick it back a year or two, no, no, no. >> here is the deal, tobin, what about we kick the can, we kick the can, we kk the can and the road is a what
FOX Business
Dec 2, 2012 6:00pm EST
government is a total failure at almost everything. i don't know if they are too big. maybe you want to give them the benefit of the doubt. they just don't know when and solve problems. we shouldn't send them more tax revenue. this is exactly why. they may try to help people, but they are terrible about it. they never actually succeed. when you look at what is going on. neil: when they are out there to see what's going on, i have a couple of friends of the show that residents that were out there instead. >> rht. neil: i think that is what is concerning me. getting it backwards i think new jersey, something like $10,000 up to $40,000 -- we have to vent for the money back and we have to wait for someone in a building in washington dc to decide where the money is going to be distributed when we should just keep it in the house. you know, keep the taxes the same, but let new jersey pulled onto a larger version of it. neil: melissa? >> you know the faces, you know how to help them. when this country relied more on the community, your friends, your church -- the people around you. it work bette ne
FOX Business
Dec 4, 2012 3:00pm EST
people in washington understand is if all that is done is a cost shifting from the federal government to the state, it doesn't accomplish much because states are not in a position to pick up the extra costs. >> speaking as governor of the stage we execute. we have to get things done. unfortunately congress doesn't. they can throw rocks at each other and leave it for another day and kick the can down the road. governors have to get things done today. we would hope congress will watch the governor's listen to the states. i think we can help him find compromise. liz: governor mark l. will be on neil cavuto tonight at 8:00 p.m. eastern. you cannot miss that interview. see what he has to say about today's trip to the white house. he does amazing interviews with these governors. you got to hear what he has to say. the fear of falling over the cliff real if you with a look at the chart of the fear index, you might not think so at all. it is incredibly low but market players and insiders are already making trades in advance of something aaron next guest says is about to get to the mix. let's
FOX Business
Dec 2, 2012 8:00pm EST
fiscal cliff is avoided, the federal government is expected to spend, let's do it this way, over threed a half trillion dollars. at's a lot of money, especially since they are only collecting to one-half in revenue and taxes. that leaves us with the deficit of one. that is the deficit. sizable it is. this will be the president's fourth for which he is personally responsible, fourth deficit excess of a trillion dollars. president obama wants to plug that trillion dollars hole by raising taxes on household incomes, as we all know that have income over $250,000. the top 2%. that would bring in $802 million, $82 billion. that's about 8% of tha deficit. so does that suggest we have a tax problem or, perhaps, a spending problem? think about this. taxpayers making morethan $250,000 representing the top 2% paid morehan 46% of all texas. that would seem like a pretty fair deal to most of us, but the president says it is not fair. we don't know what that number is. how much should it be? and contrary to what the president would have you believe as he campaigns untack sites all around the country
FOX Business
Dec 6, 2012 9:20am EST
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FOX Business
Dec 6, 2012 1:00pm EST
great government bailout. going to save the federal housing administration. time for stocks as with every 15 minutes, let's had before the new york stock exchange, nicole petallides standing by. down 13. nicole: this is one of those markets with a lot of anticipation. every focuses on the fiscal cliff. tomorrow is the all-important jobs report for a lot of folks have been hearing more economic news which has been more dismal lately. talk about more layoffs they have seen in november. right now the market is not too far off the unchanged line. the acidity holding 1400. the tech of the nasdaq still below 3000. today apple is now moving into the green and that is one of the reasons why it is holding on to a quarter percent gain. apple $700, 705 in september traded as low as 518 today. certainly has been under significant pressure, however people use that as a buying opportunity which is evidenced in the two-day chart. with the fiscal cliff fast approaching, naturally it's about time lawmakers took a long recess. >> they're gone today, but will be back tuesday. it meets with small busin
FOX Business
Dec 5, 2012 11:00am EST
room, the government is in your living room. they have a habit of persuading, not using the force of law, not using a subpoena. persuading telecoms to give them access to their information about us. it is interesting. about six months before he resigned, general petraeus gave the private speech and the transcript was leaked to a group of telecom executives saying we will soon know whatever what is doing in the house whenever we want to know. he apparently knew more about it than he wanted. connell: i am picturing -- >> verizon claims we will like this. who wants big brother in the living room? dagen: ultimately, down the road, what is your option? >> you could tell them to go take a hike. you could do that by saying, no, i do not want your equipment in my house. dagen: if you are a suspicious person, do you trust the box in your house. you could say to verizon, i will go to another provider, if you live in an area where you have another choice. i live in new york city so i have a lot of other choices. dagen: google is working on something. dagen: that was like four years ago. when
FOX Business
Dec 5, 2012 5:00pm EST
to preserve medicare. so the government in this case is unusually probably trying to do the right thing. i don't know everything about it yet because it is still a little furry around the edges. but aarp jumped on this. this is not good for members. the premiums. will go down. melissa: if it went through it could be good for the members in the sense that medigap premiums would go down. >> exactly. melissa: that is something their members would really like. but once again they would not. this is the big sticking point that happens again and again. >> right. melissa: you think aarp is out there because you're a senior lobbying in your best interest. meanwhile on their website, call your congressman, do this, do that e-mails. you could be following their lead and doing things actually against your best interest. >> yeah. the problem if you don't really pay attention to what they're doing they mask it so beautifully. they really do, a good job. i watch their commercials all day long. always sounds like they're advocating for their seniors. they're advocating for dollars. melissa: yeah
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